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What am I doing wrong?

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I bought a bunch of Domains for approx $9 each and then, following advice of the person I bought the 'How to sell Domains' manual from, I offered these for sale on Ebay with a starting price of $0.99.

I have spread out the sales over a number of weeks.

At the weekend I sold 3 Domains, but for approx $1.25 each, having had just one or two bids on each.

Clearly this is not going to make me much money at this rate!

Can anybody suggest where I might be going wrong?

Thank you
John
 
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Yes...sounds like you read a "manual" froma get rich quick scheme and lost.....take time.....read....read....read...then go out and learn what you read to sell or develop..beign rich only comes overnight from a lottery ticket!
 
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Yes. I think I know what might be happening:

1. You don't know how ebay search system works. (titles = search keywords). It's important to include "domain name" in your title. This is what people search for on ebay.

2.Domain names are not that good.

Hope this helps.

---------- Post added at 03:30 PM ---------- Previous post was at 03:29 PM ----------

Also. The domain name market isn't that good on ebay. Focus on end users and not "resellers".
 
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Welcome to namepros. My first advice to you is to focus. Focus until your focus is sharp enough that other people accuse you of having laser or x-ray vision.

My second piece of advice would be to echo natty's advice, above, and don't get discouraged. For example, even if you had a tremendously marketable domain name for sale on ebay last week, I wouldn't have bid since I assume you have no history on ebay (feedback, etc.). The good news is that you've taken the first step and with 3 sales under your belt, you are on your way to building your reputation and credibility. :D

Couple of areas you might think about...

Are you expecting to focus on quality or quantity?
Is your plan to try to sell thousands of names each year at a few dollars each, or will you instead sell fewer names of higher quality for more dollars per each sale? I would argue that there are different tactics that apply, as sell as different operational efficiencies, depending upon which of these models you generally follow.

What kind of TLD's are you selling?
Are you focusing on dot coms (and nets and orgs and info and biz etc.) or other TLD's like country TLDs (.us, .me, .cc, .uk)? If country codes are your specialty you might want to make sure your ebay auctions are available to bidders in those countries for example.

What kind of names are you selling?
There are many good posts here at namepros about the art of domain names (unfortunately there are also many bad ones, but that is the nature of the net I'm afraid). Are you focusing on keywords or are you focusing on "brandable" names which is to say names that are made up words i.e. at one point waaaaay back in time, kleenex was just a made up word. that is, until a company got behind it and "branded" it.

Are you observing intellectual property rights?
There is another post recently about someone who got into some trouble with a name that had nike in it. No man can tell another what to do, but you may find that you sleep better at night if you stay away from trademarked domain names.

Are you timing your ebay auctions correctly?
Used to be a time where it made sense (i.e. dollars) to time your auctions to end on friday during the day or on the weekend preferably sunday. Perhaps widespread growing adoption of mobile browsers will change this in the future, but I think for the most part people are busy busy busy during the week and you may not be cultivating as many bids as possible if you just randomly slap up your auctions at any time.

Do you have accounts with multiple registrars?
No one likes to pay unnecessary transfer fees to transfer a domain from one registrar to another. Do you know which registrars are most widely used by ebay bidders? If not, find out!

Do you have Guitar hero?
If so, enjoy it and rock out. But realize that there is no similar "Domain Name Hero" product that you can buy to make you an instant rock star with domains. I would say it is an art, just like learning to play the guitar, except there is no guitar hero here.

Anyway, sounds like you have a dream. MLK had a dream too, and we all can work on making our dreams come true, hopefully without getting shot. Good luck to you.

Hollywood
 
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I bought a bunch of Domains for approx $9 each and then, following advice of the person I bought the 'How to sell Domains' manual from, I offered these for sale on Ebay with a starting price of $0.99.

I have spread out the sales over a number of weeks.

At the weekend I sold 3 Domains, but for approx $1.25 each, having had just one or two bids on each.

Clearly this is not going to make me much money at this rate!

Can anybody suggest where I might be going wrong?

Thank you
John

Welcome to the world of domains, and don't be sad, sometimes to be successful, you have to learn the hard way!.

As mentioned above, NP's here has a wealth of information, read, read and read up and you'll be up to speed in no time!.
 
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Yet another get-rich-quick ebook ?

Nowadays it's difficult to make a lot of money on fresh regs.
 
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Read at least twice hollywood's post.

Many times domains don't worth even those $9 you paid for. Keep in mind that. My first tens of domains didn't, although at first I thought they do.

Then, study also the way of selling. An auction has to be popular to be successful for your interests. I'm not much familiar with ebay, but if I wanted to sell there, I would first look for a nice while, and then still be suspicious (not believing I already know how it works exactly), and start at slow pace. In Spain, we say that "experiments should be done with soda", in order not to get burned. :)

Keep on and don't surrender yet.
 
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Thank you for all the helpful replies, they are much appreciated.

I guess I was a bit naive when I bought that manual. It all sounded so simple. You need money for the mortgage payment? , well just buy some domain names, resell them, and there's your mortgage money.

Sadly in the real world it is not that simple.

Just one last question if I may please. I started my auctions at $0.99. Should I start them higher at say $1.99 or $2.99?

Thank you
 
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It will probaly be best that we see the domains rather then know about starting price
 
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Thank you for all the helpful replies, they are much appreciated.

I guess I was a bit naive when I bought that manual. It all sounded so simple. You need money for the mortgage payment? , well just buy some domain names, resell them, and there's your mortgage money.

Sadly in the real world it is not that simple.

Just one last question if I may please. I started my auctions at $0.99. Should I start them higher at say $1.99 or $2.99?

Thank you

Starting your domains are $1.99 or $2.99 might have some adverse effects, firstly, your listing fee will be a little bit higher than it is if you listed it at $0.99, and secondly, most Ebay auctions attract more bids if starting price is $0.99, of course, it all depends on the name of your domain, if you have a LLL.com, then you'd start your starting price much higher, and might also put a reserve in it as well!.
 
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Before you buy even more names, spend a couple of weeks reading NamePros. This is the best learning method: forget about getting-rich-quick ebooks!
 
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Im not the most experienced here by and stretch of the imagination (I would listen to the others before me) but personally I think you would be better selling your domains elsewhere apposed to on eBay. Like Sedo or Bido or where ever.
Joe
 
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Can anybody suggest where I might be going wrong?

Thank you
John

Yes, you would be better off selling the ebooks rather than buying them. ;)

And if you can't do that, follow Hollywood's excellent advice.
 
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If you do sell on ebay, as you already probably know, they let you list 5 free per month. If you don't want to lose money, set the opening bid at $9.99. If it doesn't sell, you don't lose your money (yet). As another stated, advice can be given if we know what the names are. Also, if they are .com names, there are registers less than $9 each. Good luck
 
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Another bit of helpful advice....why don't we try to actually HELP this poor guy instead showing off our incredibly witty sarcasm? Nice. Jon, if you'd like some actual help, PM me with your names and what you have left to work with and I'll give you some feedback. Have you tried using the Google keyword tool? Or considered developing your domains to add value prior to selling them?
 
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Keep in mind that Ebay is tougher than it's ever been. One of the largest sellers using the technique you describe has quit to start a music career. Things were that slow.

The reason for the 99 cent start is to save money on listing fees (they go up at $1) and to keep the price low enough to encourage bidding. I started many auctions at 1 cent just to get additional bids and make them look more active.

Now, more than ever, if you hope to pay your mortgage with Ebay, you have to be super organized and very aggressive. You need multiple auctions going all the time (they feed off each other's traffic and encourage repeat buyers). It will take a lot of time and effort, and in my opinion will most likely fail anyway in the current market.

I don't know anybody who successfully flips domains without putting a whole lot of time and effort into it. After several years, when you have built up funds and a nice inventory of valuable names, it may get easier. Maybe...Certainly you'll at least be able to afford outsourcing and customized software to help out.

If you actually like domains, then just read like crazy at NP, and move cautiously until you know what you are doing. If, on the other hand, you have no special affection for this field, find something you enjoy doing and make money at that. Usually, making money involves a lot of effort, action and study - which is all much easier if it's something you like.
 
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A how to get rich with domaining E-Book... What a good idea, I think that creating another one and sell it might be the thing to do to get rich lol :)
 
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A how to get rich with domaining E-Book... What a good idea, I think that creating another one and sell it might be the thing to do to get rich lol :)

Nothing wrong with trying to learn, and the sales copy for many of these ebooks is very tempting, especially to the uninitiated. In fact, I learned about domaining from such an ebook. The book was mostly wrong, but it at least got me involved so I could learn more. So I guess the book did pay for itself in the end.

John could have spent the money on a Big Mac with fries instead, and nobody would call that a silly purchase - even though it would be worse for him.

People want to be rich, and everyone has to start learning someplace. So John bought a crappy book. But rather than dream and fantasize, he actually took action on it and got some feedback. And John's second smart move was to come to Namepros and ask a question.

So, I'd say he's off to a reasonably good start.
 
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I have been there.
Welcome to the real world.

Do you have resell right of the ebook?
Lol.
 
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Thanks for the help and advice, and also for the occasional brick thrown my way.

Fortunately I have a sense of humour and I can see the funny side of it all now.
 
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